Nitium Technology just founded 4 years ago but able to bring competition to other global implant manufacturers, not to mentioned that this start-up company can produce competitive solutions with better material at lower cost. This start-up not only has developed the world’s first porous Nickel Titanium dental implant but also reduces more than 60% of average production cost. With correct business model, this advantage enables them to venture into ASEAN market and overcome the issues in dentist expertise and lack of disposable income.
While participating in niche market industry, Nitium Technology already obtained awards and recognition not only from Malaysia, but also globally such as Japan, South Korea and Germany. The start-up company is putting Japan as one important target country, not only to tap on higher disposable income market but also to partner up with Japanese companies that capable in advance materials and precision machinery.
Nitium Technology was nominated because the future of its technology in different types of implant, for example Orthopaedic and Cranial implant market, without the need to repeat pre-clinical trials to enter the markets. I believe what the company require now is financial support and technology collaboration with Japanese high-tech companies.